Prosus Ventures, a VC unit of South African internet conglomerate Naspers, has led a $40 million investment in Indian logistics technology developer ElasticRun.
Kalaari Capital and Avataar Ventures also participated. It follows two investments last year, including a $8.2 million round from Kalaari and Norwest Venture Partners and a $20 million round from Sequoia...
Sequoia Capital closed its latest set of funds for deployment in India and Southeast Asia with $1.35 billion in commitments.
Ucommune, a Chinese co-working space operator that failed to get traction with an attempted New York IPO last year, has been acquired by a US-listed special purpose acquisition company (SPAC) at a valuation of $764.9 million.
Indies Capital, a Singapore-based GP focused on Indonesia, has reached a first close of $100 million for its third flagship private equity and credit fund.
EQT has submitted a revised offer to acquire New Zealand retirement village player Metlifecare at a lower valuation after facing a legal challenge over its attempt to terminate a previously agreed deal.